MITEF Saudi Startup competition announces winners

The nine top-placing participants have now won the right to participate in the 11th MITEF Pan Arab competition.
Updated 05 March 2018
0

MITEF Saudi Startup competition announces winners

MITEF Saudi Arabia, part of the MITEF global network, has announced the winning teams at the finals of the MITEF Saudi Startup competition.
Participants were competing in three tracks — Startup track, Social Enterprise track, and Ideas track. The winners were:
l In the Startup track, the first prize went to Quantum Solutions, with Avokado taking second prize and Ironix third. Quantum Solutions received SR100,000 ($26,666), with second place receiving SR25,000, and third SR15,000.
l Labayh took first prize in the Social Enterprise track, with Aquaponica second and Blooming Bs third. The first prize winners received SR100,000, SR 25,000 for second place, and third place SR 15,000.
l In the Ideas track, first place was awarded to Duleb, with Cucumber second and Qisma third. The first prize winner received SR20,000, with second and third taking SR15,000 and SR10,000 respectively.
The nine top-placing participants have now won the right to participate in the 11th MITEF Pan Arab competition, which will be held in Oman in April, where the best entrepreneurial ideas from across the region will be showcased.
During her welcoming speech, Sarah Ghaleb, senior general manager of education and entrepreneurship initiatives at Community Jameel, expressed her delight at hosting a selection of national and international guests, investors and entrepreneurs at the final event of the MITEF Saudi Arabia. She said this is the third year a new generation of Saudi entrepreneurs have shown their work in the field of ideas, startups and social enterprise.
The Saudi StartSmart conference was also held as part of the finals event, where distinguished speakers such as Princess Banderi Al-Faisal, chief executive officer of King Khalid Foundation, encouraged local entrepreneurs to keep developing successful social and commercial ideas and projects.
The MITEF Saudi Startup competition is staged by MITEF in partnership with Bab Rizq Jameel (a Community Jameel initiative), Zain Saudi Arabia, and Dulani Business Center.
The closing ceremony was held in Riyadh on March 3. The event was attended by Majid bin Abdullah Al-Qasabi, minister of commerce and investment, as well as prominent Saudi and Arab figures, investors, entrepreneurs, and media representatives.


LG introduces world’s first 8K OLED TV at IFA 2018

Visitors were able to take a first look at the 88-inch 8K LG OLED TV at IFA 2018
Updated 19 September 2018
0

LG introduces world’s first 8K OLED TV at IFA 2018

LG Electronics has introduced the world’s first 8K (7680 x 4320) OLED TV at IFA 2018 in Berlin, Germany. The 88-inch 8K LG OLED TV features over 33 million self-emitting pixels to produce the unmatched contrast ratio and true blacks that define OLED TV’s picture quality. 

With OLED TV shipments in the market expected to double in 2018 and reach over 9 million units by 2022, LG said it will continue to increase the OLED share in its premium TV portfolio and drive large-scale consumer adoption of OLED TVs. While the 8K TV market is still in its infancy, it is expected to grow to more than 5 million units by 2022.

Despite advancements in the LCD field, OLED has been often referred to as the “next-generation display technology” because it emits its own light, eliminating the need for any kind of backlighting. This allows for state-of-art TVs which redefine both the picture quality and the product design.

“LG’s first 8K OLED TV is the pinnacle of technological achievement and the next evolutionary step in display technology” said Brian Kwon, president of LG Home Entertainment Company. “4K OLED played a major role in reshaping TV industry and LG is confident that 8K OLED will do the same.”